Real Estate

DUCK INN OFFERED TO HUNGRY MARKET

Posted on August 10th, 2016 by Clyde Mooney
Amid a shortage of Sydney freehold opportunities, the Duck Inn has swanned onto the market with plenty of upside. The two-storey Duck Inn was built on 364 square metres of then very working class Chippendale, in around 1895. The suburb

ALE BASKS AS WOOLWORTHS SWEATS

Posted on August 8th, 2016 by Clyde Mooney
ALE EOFY results saw dividend increases and prosperity predicted to arise from growth and opportunities in partnership with ALH – backed by flustered supermarket giant Woolworths. In days since the announcement (ASX: LTN) ALE’s securities have remained steady around $4.34

ROMANO’S HOTEL FINDS NEW SUITOR

Posted on August 8th, 2016 by Clyde Mooney
Riverina landmark Romano’s at Wagga Wagga has transacted following rekindled negotiations with previous suitors. Long-time operator John Hussey determined to test the market for a sale mid-2015 and again in 2016 through Chris Tinning & Co. While a purchase price

O’HARA & MALLOY TEAM UP FOR “THUMPING” MAITLAND PUB

Posted on August 5th, 2016 by Clyde Mooney
A new partnership between the O’Haras and Mark Malloy has brought about the big-ticket acquisition of the Bradford Hotel in the booming district of Maitland. The two families enjoy a long connection centred around rugby and St Joseph’s College (Joeys),

LANTERN SELLS LAWSON PARK HOTEL

Posted on August 5th, 2016 by Clyde Mooney
The down-sizing ASX-listed Lantern Hotel Group has offloaded yet another pub, settling this week on the sale of Mudgee’s Lawson Park Hotel. Lantern (LTN) announced its intention to sell non-core assets and rebuild the company structure in November, 2015. Since

HUNT HOSPITALITY NAILS NEW ASSET IN HUNTER

Posted on August 3rd, 2016 by Clyde Mooney
Steve Hunt has furthered his pub fund portfolio with the acquisition of the thriving Duke of Wellington in outer Newcastle for around $8.5 million. The Hunt family’s Hunt Hospitality operates a number of successful Newcastle region pubs, such as the

BEACHFRONT PUB SALT BAR FOR SALE

Posted on July 29th, 2016 by Clyde Mooney
A Kingscliff pub that is the legacy of the late Brian and Kathy Ray is being offered to market as their family remain “heavily committed” to the precinct. The Salt Bar is an absolute beachfront bar and bistro, occupying 1,883

PELATHON PICKS UP LANTERN’S COURTHOUSE

Posted on July 27th, 2016 by Clyde Mooney
Pelathon has continued its big plans for expansion, paying $6.25 million for Lantern’s Courthouse Hotel as it completes its exit from the Sunshine State. The Cairns’ Courthouse Hotel is an “institution” in north Queensland. It was the official Court building

LONE TOP GAMING PUB READY FOR MARKET

Posted on July 25th, 2016 by Clyde Mooney
After another year of consolidation, Feros Group is testing the market by offering up its top-gaming pub the Lone Pine Tavern. The Lone Pine occupies a whopping 10,000 m adjacent to Rooty Hill train station and was briefly put to market

HOT HOTEL DIRT HITS MARKET IN PARRAMATTA

Posted on July 25th, 2016 by Clyde Mooney
The vacant plot that once held the Argyle Street Hotel has come to market, complete with 24-hour hotel licence and gaming. Situated at 111-127 Argyle St, Parramatta, the 2,812 m² site is directly opposite Parramatta train station and next door